Mærsk to be reorganised in two separate divisions
A.P. Møller – Mærsk A/S will be reorganised into two separate divisions: Transport & Logistics and Energy.
A.P. Møller – Mærsk A/S will become an integrated transport and logistics company with digitalised and individualised customer solutions. Building on the group’s position within container transport and port operations, supply chain management and freight forwarding, the Transport & Logistics division will offer new products, digitalised services and individualised customer solutions. Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands.
Oil and oil related businesses, either individually or in combination, is to be separated from A.P. Møller – Mærsk A/S in the form of joint-ventures, mergers or listing. The Board of Directors expect that the oil and oil related businesses in A.P. Møller – Mærsk A/S will require different solutions for future development. Depending on market development and structural opportunities, the objective is to find solutions for the oil and oil related businesses within 24 months.Energy will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers. Maersk Oil will focus on optimizing and strengthening its strong position in the Danish, British and Norwegian parts of the North Sea.
Financial reporting for the new structure will be effectuated from the financial year 2017. Søren Skou will continue as Group CEO of A.P. Møller – Mærsk A/S and CEO of the Transport & Logistics division, Claus V. Hemmingsen will be appointed Group Vice CEO of A.P. Møller – Mærsk A/S effective on 1 October 2016 and CEO for the Energy division.